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Dec 7, 2012
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why is that not considered sandy related? >> it is weird because there are two different surveys when you look at these jobs numbers. one comes from the businesses. the businesses, they take that survey, november 12th, and the businesses are for the job creation number. the other survey is called a household survey. that's how we determine the unemployment rate. and part of that household survey is did you look for a job last week, yes, no, and why not? so a lot of people said weather related. when i was digging into the numbers, i said a normal november, weather related, about 60,000, here we had 300,000, that's one of the reasons we saw the unemployment rate go down. look, i want to feel good about the unemployment rate being low, but 7.7% happened because fewer people were part of the labor force. that's not the right reason that we wanted to see the jobless rate go down. >> absolutely. and i want to read you something that paul krugman wrote in the new york times earlier this week. he said, long-term unemployment remains
why is that not considered sandy related? >> it is weird because there are two different surveys when you look at these jobs numbers. one comes from the businesses. the businesses, they take that survey, november 12th, and the businesses are for the job creation number. the other survey is called a household survey. that's how we determine the unemployment rate. and part of that household survey is did you look for a job last week, yes, no, and why not? so a lot of people said weather...
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Dec 7, 2012
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we've had sandy, and we have all of this debate going on over the fiscal cliff, that's driving us all crazy, right? >> yes, it is. >> and what it's also doing is that it has gotten the corporate seblgtor in a position where they're not vin investing. they're waiting to see what's happening. nonetheless, we're still creating jobs. if you take into consideration the fact that we have those things, those neglect factors in at the same time regenerating jobs, and that means that there's a significant potential for the economy to grow. >> is it possible that this whole debate and the fiscal cliff, whether or not we go over it or not, would bakt how many people are working the next year? >> it will definitely impact, but i think what the numbers are telling us and what we've seen for the last couple of months is that the affect will not be as great as most people are predicting. you know, we kind of got this y2k kifr syndrome that's going on. it will certainly have an affect, but it also means that we can -- we're in a position to really craft a real comprehensive way to -- >> are these goo
we've had sandy, and we have all of this debate going on over the fiscal cliff, that's driving us all crazy, right? >> yes, it is. >> and what it's also doing is that it has gotten the corporate seblgtor in a position where they're not vin investing. they're waiting to see what's happening. nonetheless, we're still creating jobs. if you take into consideration the fact that we have those things, those neglect factors in at the same time regenerating jobs, and that means that there's...
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Dec 6, 2012
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he's lobbying for more federal dollars for superstorm sandy recovery. new jersey governor estimates the storm did some $37 billion damage to his state. cameras were rolling as we caught the governor arriving at the white house this morning. and then he headed to capitol hill to meet with members of congress. >> good morning. >> going home, guys. see you later. >> aid for state, considering the fiscal cliff and this budget crisis we're in right now? >> heading home now, guys. not taking questions today. >> heading home now, he says. story's very personal for one teenager. back home, who faces the impact of superstorm sandy everywhere he turns. he saved his family when that storm hit. he lost his home. and his school. but he hasn't lost his spirit. poppy harlow spent a day with ryan panetta in the broad channel neighborhood in new york. this is queens. take a look. >> reporter: the sun isn't up at breakfast time for the panettas. how tired are you? >> very. >> reporter: they're living in a borrowed one-bedroom apartment with their parents. how long is you
he's lobbying for more federal dollars for superstorm sandy recovery. new jersey governor estimates the storm did some $37 billion damage to his state. cameras were rolling as we caught the governor arriving at the white house this morning. and then he headed to capitol hill to meet with members of congress. >> good morning. >> going home, guys. see you later. >> aid for state, considering the fiscal cliff and this budget crisis we're in right now? >> heading home now,...
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Dec 7, 2012
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the white house is questioning $60.4 billion for states affected by superstorm sandy. mary snow how as the unbelievable story of one man whose home survived the storm's wrath, but not what came next. >> reporter: you see one mangled home after another. this area was so hard hit, that residents are only allowed back in every three days to reclaim their possessions. that's a lot more than one man got after he returned home to find out that his home had been bu bulldozed, and he had not had the chance to reclaim anything. >> this is what you came home to two weeks after the storm. >> nick expected devastation, but not this. a seatcushion is all that's left of his family's summer home. two weeks after sandy, maria and his neighbors were finally allowed back into the area. but his house had been bulldozed. >> everyone else was here that week, that day, and i felt like a lost soul. everybody is taking clothing out, bringing their luggage, taking pictures out, whatever they could stuff in, and i had nothing to take. that was a shock. >> a long with shock came frustration over
the white house is questioning $60.4 billion for states affected by superstorm sandy. mary snow how as the unbelievable story of one man whose home survived the storm's wrath, but not what came next. >> reporter: you see one mangled home after another. this area was so hard hit, that residents are only allowed back in every three days to reclaim their possessions. that's a lot more than one man got after he returned home to find out that his home had been bu bulldozed, and he had not had...
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Dec 6, 2012
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later this hour. >>> it's going to take massive amount of money to help the northeast recover from sandy. some $36 billion in new jersey alone. and now it's governor chris christie pushing the federal government to pick up 100% of that cost. if you are one of the millions of men who have used androgel 1%, there's big news. presenting androgel 1.62%. both are used to treat men with low testosterone. androgel 1.62% is from the makers of the number one prescribed testosterone replacement therapy. it raises your testosterone levels, and... is concentrated, so you could use less gel. and with androgel 1.62%, you can save on your monthly prescription. [ male announcer ] dosing and application sites between these products differ. women and children should avoid contact with application sites. discontinue androgel and call your doctor if you see unexpected signs of early puberty in a child, or, signs in a woman which may include changes in body hair or a large increase in acne, possibly due to accidental exposure. men with breast cancer or who have or might have prostate cancer, and women who ar
later this hour. >>> it's going to take massive amount of money to help the northeast recover from sandy. some $36 billion in new jersey alone. and now it's governor chris christie pushing the federal government to pick up 100% of that cost. if you are one of the millions of men who have used androgel 1%, there's big news. presenting androgel 1.62%. both are used to treat men with low testosterone. androgel 1.62% is from the makers of the number one prescribed testosterone replacement...
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Dec 4, 2012
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he wants fema to reimburse the state for 100% of its emergency costs following superstorm sandy. the total? nearly $40 billion. >>> we've heard the controversy surrounding the food stamp program. another politician is taking the challenge to see what it's like for other people who rely on it. newark mayor cory booker is pledging to live off food stamps for one week, joining other celebrities like mario batali, colorado governor john hickenlooper, philadelphia mayor michael nutter and representative robert brady. joining me now is sister simone campbell. thank you, sister, for joining us this morning. >> glad to be with you, carol. >> i wondered what you felt about mayor booker's exercise. what do you think? is he doing the right thing? >> i think anything that brings attention of ordinary folks to the struggle of people, low-income neem our society, this probably is a step forward. i think he will find it quite challenging. when we were in milwaukee during a tour, our bus tour, we discov discovered a man and his wife and two kids who used food stamps for breakfast and lunch durin
he wants fema to reimburse the state for 100% of its emergency costs following superstorm sandy. the total? nearly $40 billion. >>> we've heard the controversy surrounding the food stamp program. another politician is taking the challenge to see what it's like for other people who rely on it. newark mayor cory booker is pledging to live off food stamps for one week, joining other celebrities like mario batali, colorado governor john hickenlooper, philadelphia mayor michael nutter and...
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Dec 2, 2012
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american infrastructure was in poor shape even before sandy hit. the american society of civil engineers gives u.s. infrastructure a grade of d. guess what? energy infrastructure did a bit better. it got a d-plus. the u.s. is spending money on the electrical grids and power plants. $566 billion by 2020. but according to the american society of civil engineers, that falls short by more than $100 billion. so what would the u.s. get. for that $100 billion an extra $11 billion every year? let me tell you, the american society of civil engineers says if you spend the $11 billion this is a multiplier effect, you get an extra $55 billion in economic output. it would protect 461,000 jobs. it would generate $73 billion in disposable personal income and create in disposable personal income. michael grunwald is the author of the new deal, the hidden story of change in the obama era. in his book, he argues for increased investment in energy infrastructure. mike, welcome to the show. you say that the electrical grid is slowly actually improving. we have any of
american infrastructure was in poor shape even before sandy hit. the american society of civil engineers gives u.s. infrastructure a grade of d. guess what? energy infrastructure did a bit better. it got a d-plus. the u.s. is spending money on the electrical grids and power plants. $566 billion by 2020. but according to the american society of civil engineers, that falls short by more than $100 billion. so what would the u.s. get. for that $100 billion an extra $11 billion every year? let me...
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Dec 7, 2012
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we still need to see the full impact of sandy. also with the election over, there aren't any sort of bigger imt implications for the presidential race. because the numbers are so foggy, the federal reserve isn't likely to look at this number as a real trend maker. the central bank. it's already said it keeps stimulating the economy even after the labor market gets better. we know this isn't likely going to steer the central bank in one direction or another. you flip the coin over, though, you have this people who say this report is very important. it's going to be driving the conversation on the fiscal cliff. we only have 25 days until the tax hikes and spending cuts start to take effect. here is the thing. this number came in much better than expected, don. so the bad part about this is that it may not motivate all those politicians on capitol hill as much as it may have, if it came in much weak er. this may not light the fire, so to speak. that could be the downside to the upside surprise to the number. don? >> alison, stick aro
we still need to see the full impact of sandy. also with the election over, there aren't any sort of bigger imt implications for the presidential race. because the numbers are so foggy, the federal reserve isn't likely to look at this number as a real trend maker. the central bank. it's already said it keeps stimulating the economy even after the labor market gets better. we know this isn't likely going to steer the central bank in one direction or another. you flip the coin over, though, you...
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Dec 5, 2012
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in putting in new jersey because new jersey is the 40th anniversary of bruce springsteen and because sandy affected new jersey, too. they are bouncing back, too. and the sixth -- >> maybe you'll get a sighting of chris christie, and he will swear at you. >> that's an added bonus, getting sworn at. >> in jersey, it's a badge of honor. i worked in jersey for a long time. it's great to meet you. beautiful pictures too. for more on this list, check out cnn.com. it's awesome. >>> it's been a really big day in washington state tomorrow for some people because any adult there is going to be able to smoke marijuana legally. tomorrow. just a little bit, though. like an ounce, which to some people is not a little bit, but you don't need a reason. you don't need glaucoma or trouble sleeping. no medical reason at all. this might keep you awake. it is still illegal under federal law month matter whether you are in washington, colorado, which is in a month, or anywhere else. the state actually -- washington hasn't even checked yet with the feds to see how they're going to sort of deal with this lawinger
in putting in new jersey because new jersey is the 40th anniversary of bruce springsteen and because sandy affected new jersey, too. they are bouncing back, too. and the sixth -- >> maybe you'll get a sighting of chris christie, and he will swear at you. >> that's an added bonus, getting sworn at. >> in jersey, it's a badge of honor. i worked in jersey for a long time. it's great to meet you. beautiful pictures too. for more on this list, check out cnn.com. it's awesome....
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Dec 2, 2012
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and you just have been really busy during sandy. you responded to sandy and you rally have been helping the folks on long island out it near and dear to your heart. they all are, but this is really near and dear to your heart. >> i did grow up in long island. and it was amazing to see the storm surge and the wind that struck long island. we were literally just opening up roads for a week and a half, which is a long time, just to create access to communities. so the storm there was very powerful. we were able to clear roads and help ambulances get to people's homes and get people in need to the hospitals. we were able to power up critical buildings and do a lot more obviously. and it is just amazing to see such a powerful storm hit such a highly populated area. we don't usually see something like that happen. >> no, i've seen -- i saw the same thing when i was right in the middle of katrina. i understand exactly what you're talking about. it is something to see and behold but also the human spirit during those things is something to
and you just have been really busy during sandy. you responded to sandy and you rally have been helping the folks on long island out it near and dear to your heart. they all are, but this is really near and dear to your heart. >> i did grow up in long island. and it was amazing to see the storm surge and the wind that struck long island. we were literally just opening up roads for a week and a half, which is a long time, just to create access to communities. so the storm there was very...
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Dec 9, 2012
12/12
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figure out what affect sandy had on this thing. we're still looking at growth in the 150,000 jobs a month range. do you see something stronger coming or are we stuck in the slow and steady crawl for a while? >> i think it should get stronger at some point over the next couple of years. if it doesn't, we're just going to stay up at this rate forever unless people just drop out of the labor force, but as christine said, you kind of want to get up to 200,000, even 2 250,000, to dig your way out of this. so i do think it will gradually get better. it's still going to take several years to get back to normal, but barring shooting ourselves in the foot, barring something really bad happening out of europe, i think it will get better between now and sometime next year. >> can we talk about these people dropping out of the labor force? why? you said more than normal couldn't get to work. but why are wepeople dropping o? what are some of the factors causing them to drop out? >> well, we're seeing a couple of things happen. one is the natura
figure out what affect sandy had on this thing. we're still looking at growth in the 150,000 jobs a month range. do you see something stronger coming or are we stuck in the slow and steady crawl for a while? >> i think it should get stronger at some point over the next couple of years. if it doesn't, we're just going to stay up at this rate forever unless people just drop out of the labor force, but as christine said, you kind of want to get up to 200,000, even 2 250,000, to dig your way...
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Dec 8, 2012
12/12
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. >>> hiring picked up last month despite the wrath of superstorm sandy. let's dig inside these numbers. can you see that 40% of the unploimd employed have within out of work for six months or longer, something we need to fix and something else we need to fix, the underemployment rate, 14.4%. those are people who are out of work or working part time and would like to be working full time. again, another number we have to fix. i want to show you where the jobs, are pretty important to look at. 53 retail jobs added, likely holiday hiring, no question, but some of these will be temporary jobs and not all of them are paying benefits or full-time. looking further, can you see professional and business services, 43,000 jobs created there. the government pointing out computer system analyst and related industries very, very strong job growth there. another reason why stem pays. this is the trend because we always look at these numbers in, you know, context for where we've been. the recession, millions of jobs lost and here is what we've been doing month after mon
. >>> hiring picked up last month despite the wrath of superstorm sandy. let's dig inside these numbers. can you see that 40% of the unploimd employed have within out of work for six months or longer, something we need to fix and something else we need to fix, the underemployment rate, 14.4%. those are people who are out of work or working part time and would like to be working full time. again, another number we have to fix. i want to show you where the jobs, are pretty important to...
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Dec 5, 2012
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told us that on the east coast lots of potential workers, they took fema positions to help out with sandy recovery. many of those jobs last longer than what ups can offer. experts say that that's also part of the problem, but the fact that people want to hold out for more permanent better paying jobs, but, susan, one other thing here, the issue of filling positions isn't just in lower paying fields. there's currently a big skilled worker shortage, but one consulting group says it's not that there's not workers out there. it's that companies, they're being too selective about who they hire, and they don't pay competitive wages, suzanne. >> wow. complicated picture there, but yol a lot of people still out of work. some companies can't fill positions. thank you. appreciate it. >>> they're smart, right? they're playful? very intelligent. why would someone want to kill dolphins? we are searching for a killer. e just right. perfection is in the details. ♪ get to holiday fun faster with pillsbury cookie dough. hurry in and try five succulent entrees, like our tender snow crab paired with savor
told us that on the east coast lots of potential workers, they took fema positions to help out with sandy recovery. many of those jobs last longer than what ups can offer. experts say that that's also part of the problem, but the fact that people want to hold out for more permanent better paying jobs, but, susan, one other thing here, the issue of filling positions isn't just in lower paying fields. there's currently a big skilled worker shortage, but one consulting group says it's not that...
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Dec 5, 2012
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superstorm sandy, labor turmoil at hostess and business uncertainty because our elected officials won't get their act together and deal with the fiscal cliff. brace yourself for a job number that could be even lower than the already weak forecast. i hope i am wrong about that. from the cnn money newsroom in new york, i'm ali velshi. that's it from me. same time tomorrow. i plugged in snapshot, and 30 days later, i was saving big on car insurance. with snapshot, i knew what i could save before i switched to progressive. the better i drive, the more i save. i wish our company had something this cool. you're not filming this, are you? aw! camera shy. snapshot from progressive. test-drive snapshot before you switch. visit progressive.com today. plays a key role throughout our lives. one a day men's 50+ is a complete multivitamin designed for men's health concerns as we age. it has 7 antioxidants to support cell health. one a day men's 50+. it has 7 antioxidants to support cell health. social security are just numbers thinkin a budget.d... well, we worked hard for those benefits. we earned t
superstorm sandy, labor turmoil at hostess and business uncertainty because our elected officials won't get their act together and deal with the fiscal cliff. brace yourself for a job number that could be even lower than the already weak forecast. i hope i am wrong about that. from the cnn money newsroom in new york, i'm ali velshi. that's it from me. same time tomorrow. i plugged in snapshot, and 30 days later, i was saving big on car insurance. with snapshot, i knew what i could save before i...
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Dec 3, 2012
12/12
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found in a house with his arms tightly wrapped around their son trying to protect him as hurricane sandy swept them both away. he was a former marine. that's a hero, too. we don't build statues of these people and may not even notice them, but they don't care about that because their actions are not calculated to gain recognition or reward. what they do is who they are. all over the world right now people are putting this principle into action and saving lives. these heroes speak one language. the language of humanity. there are different kinds of heroes around us, those who in that unforgiving minute rise to the occasion when the moment calls for it, and they really are heroes that wake up every morning and humbly change the world. you think you got what it takes to be a hero. we all asked ourselves that question. i think we do. because these heroes, they are you. just ordinary people until they are heroes. and we need those heroes more than ever. >> ladies and gentlemen, please welcome anderson cooper. >> good evening, everyone and welcome to cnn heroes, "an all-star tribute" the men,
found in a house with his arms tightly wrapped around their son trying to protect him as hurricane sandy swept them both away. he was a former marine. that's a hero, too. we don't build statues of these people and may not even notice them, but they don't care about that because their actions are not calculated to gain recognition or reward. what they do is who they are. all over the world right now people are putting this principle into action and saving lives. these heroes speak one language....
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Dec 10, 2012
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one is superstorm sandy took a lot of cars off the road. it really reduced demand for gasoline as you know. until recently there have been a number of gas stations in the northeast still without gas. people after realizing they weren't going to have as easy a time getting gas decided to make other plans it the storm itself took some roads out and took some people off the road. number two, there were some refinery issues in california going on at the same time. they've been resolved. that's put more gasoline online. the third thing, this one's important, crude oil prices, which are really the underlying feedstock for gasoline, crude oil prices have remained low. as we are concerned about the fiscal cliff and a slowdown in the world's economy and in asia and in europe. so these are the three factors that have come together to give us a sustained drop in the price of gasoline almost over the last three weeks, wolf. >> is this a short-term development? what's in store over the longer term? >> we're into that lower driving season. obviously, spr
one is superstorm sandy took a lot of cars off the road. it really reduced demand for gasoline as you know. until recently there have been a number of gas stations in the northeast still without gas. people after realizing they weren't going to have as easy a time getting gas decided to make other plans it the storm itself took some roads out and took some people off the road. number two, there were some refinery issues in california going on at the same time. they've been resolved. that's put...
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Dec 8, 2012
12/12
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super storm sandy, a number of labor disputes and layoffs. the fiscal cliff. we were expecting the unemployment number to go up from 7.9 to 8%. it went down to 7.7. a number of economists thought we'd create 77,000. we created 146,000. before you opine on the report how reliable do you feel the report was? >> well, first of all i think it's important to know there were downward revisions to the previous two months which makes the trend not as good. anywhere 150,000 is not considered significant in the report. you are not capturing because it doesn't fall into the significant range. the survey was taken early in the month. a week earlier than the establishment survey. the household survey on november 5. it caused insult to injury and more people out of work cancelled flights. it wasn't captured in the unemployment survey. i think they say it didn't affect it but a number of people were affected by the storm conditions. 350,000 couldn't get to work because of weather conditions. >> assume we get over the issues, avoid the cliff. we're still looking at growth in
super storm sandy, a number of labor disputes and layoffs. the fiscal cliff. we were expecting the unemployment number to go up from 7.9 to 8%. it went down to 7.7. a number of economists thought we'd create 77,000. we created 146,000. before you opine on the report how reliable do you feel the report was? >> well, first of all i think it's important to know there were downward revisions to the previous two months which makes the trend not as good. anywhere 150,000 is not considered...
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Dec 3, 2012
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governor cuomo said new york needs more than $40 billion to help clean up the damage caused by superstorm sandy and then potentially to prepare for future storms. >>> at least 49 elementary school students and adults had to be rushed to an atlanta hospital today because of a carbon monoxide leak. here is the thing. firefighters discovered the highest levels they have ever recorded of the deadly gas near the school's furnace. listen to the firefighter. >> obviously with carbon monoxide, the danger is going to be an affix ant, it could stop people from breathing. these children have been in the classroom since 7:30. our readings in the classroom were not quite as high as our reading at 1700 was near the actual furnace area. >> want to bring in george howell here. you brought in what i can only presume is a carbon monoxide detector. tell me about it and were there any of these in the school? >> this say professional carbon monoxide detector. this is what we use here at the cnn center. this will run you a couple thousand dollars. couple thousand of dollars for this. it is important to check. but fo
governor cuomo said new york needs more than $40 billion to help clean up the damage caused by superstorm sandy and then potentially to prepare for future storms. >>> at least 49 elementary school students and adults had to be rushed to an atlanta hospital today because of a carbon monoxide leak. here is the thing. firefighters discovered the highest levels they have ever recorded of the deadly gas near the school's furnace. listen to the firefighter. >> obviously with carbon...
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Dec 6, 2012
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the republican governor was here in washington to talk about hurricane sandy relief efforts, and now they're in danger of going over the fiscal cliff with the rest of the country at the end of the month. our national political correspondent jim acosta has been covering this story for us. what's the latest with chris christie in washington. >> reporter: this is some of the unintended consequences of the fiscal cliff. after a series of meetings with the president and house speaker john boehner, new jersey governor chris christie had little to say as he left washington, but as other senators we spoke to see it, the jersey shore may be running head on into the fiscal cliff. he visited the president at the white house, then he met with senators from his own state before slipping in to meet the speaker of the house. >> going home, guys. see you later. >> reporter: but then chris christie, a potential presidential candidate who is rarely at a loss for words, departed the nation's capital in near total silence. as it turns out, the new jersey governor's quest for money to rebuild the battere
the republican governor was here in washington to talk about hurricane sandy relief efforts, and now they're in danger of going over the fiscal cliff with the rest of the country at the end of the month. our national political correspondent jim acosta has been covering this story for us. what's the latest with chris christie in washington. >> reporter: this is some of the unintended consequences of the fiscal cliff. after a series of meetings with the president and house speaker john...
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Dec 4, 2012
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he wants fema to reimburse the state for 100% of its emergency costs following superstorm sandy. fema generally reimburses states in the ballpark of 75% of costs following disasters like this. the governor says cleaning up and repairing new jersey after the superstorm could cost nearly $40 billion. >>> an extramarital affair ended his stellar career of public service. but not so long ago there was some serious talk that general david petraeus might run for president. some of that talk apparently even came from the top at fox news. washington post bob woodward writes about some private recordings in which fox news analyst k.t. mcfarland meeting with general petraeus in afghanistan in the spring of last year delivered a personal message from roger ales. >> he says if you're offered chairman, take it. if you're offered anything else, don't take it, resign in six months and run for president. okay. i know you're not running for president. but at some point when you go to new york next, you may want to just chat with roger and rupert -- >> well, rupert, look, what i have told people i
he wants fema to reimburse the state for 100% of its emergency costs following superstorm sandy. fema generally reimburses states in the ballpark of 75% of costs following disasters like this. the governor says cleaning up and repairing new jersey after the superstorm could cost nearly $40 billion. >>> an extramarital affair ended his stellar career of public service. but not so long ago there was some serious talk that general david petraeus might run for president. some of that talk...